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Middle market private equity firm One Equity Partners’ (OEP) portfolio company, Orion Business Innovation (Orion), has combined with MERA, an outsourced product development business headquartered in Switzerland.
OEP is making a significant investment in MERA to support the transaction.
MERA provides customised solutions and software services, including outsourced product development, software and architecture design, implementation and integration, and project management, to blue chip clients internationally. The company has a 30-year history of providing highly technical solutions in the telecommunications and telecom equipment, industrial automation, automotive and transportation, and financial technology industries. MERA has over 1,200 software engineers in off-shore
Cognizant has acquired Meritsoft, a privately-held financial software company based in Dublin, Ireland, best known for its FINBOS platform for post-trade processing, an intelligent automation solution for managing taxes, fees, commissions, and cash flow functions between financial institutions.
Meritsoft’s products are currently used by five of the world’s eight leading investment banks. Financial details of the transaction have not been disclosed.
Cognizant and Meritsoft have a track record of working together, meeting demand for integrated solutions that leverage the agility of Meritsoft’s FINBOS platform and Cognizant’s managed services and digital operations capabilities.
“Increased compliance and regulatory obligations focus
Colonnade Financial Group (Colonnade) is expanding its asset management capabilities to family offices to meet the demand for active asset management as family offices continue to increase their allocation to private equity.
These services are consistent with the offerings that Colonnade provides to its institutional investor clients – management of direct private equity assets, fund management, fund restructuring and fund wind-down services.
This expansion follows on the recent completion by Colonnade Managing Partner, Dana LaForge, of his role as a Partner at Brera Capital Partners (Brera). LaForge joined Brera in 2006 to develop and implement a phased, structured monetisation
Prestige Funds, a provider of private finance to the UK’s agriculture, clean energy and SME markets, has completed a GBP14.7 million funding deal to finance an anaerobic digestion (AD) plant in Kent.
The deal is the latest in a long series of financing agreements to fund anaerobic digestion facilities in the UK, which are helping farms and food business to process waste into energy. Prestige, via its specialist asset backed lending funds, provides funding for loans. The latest project, which is being managed by dedicated Finance Arranger and Project Manager Privilege Finance, part of the Prestige group of companies, is
Legal & General Capital (Legal & General) has taken a circa 13 per cent stake in Pod Point, one of the UK’s largest electric vehicle charge point operators.
Through its Future Cities business, Legal & General looks to make investments that are focussed on creating sustainable communities with good employment opportunities, high quality and varied housing in a digitally-connected and clean environment. Legal & General believes that electric vehicles will be an integral part of delivering that clean environment and transforming the UK’s transport systems.
There are around 32 million cars on the road in the UK, of which plug-in
Astorg, one of Europe’s leading private equity groups with over EUR8 billion of AUM, has made its first investment in the US with the acquisition of Anaqua, a global leader of intellectual property management solutions. Astorg sees significant opportunities in the IP space and by taking a controlling shareholder position in Anaqua, it replaces Insight Venture Partners and Bessemer Venture Partners.
Boston-headquartered Anaqua serves approximately 50 per cent of the top 25 US patent filers and 50 per cent of the top 25 global brands. Its IP platform is used by nearly one million IP executives, attorneys, paralegals, administrators, and
RM Funds, the investment manager of RM Secured Direct Lending (RMDL), a listed specialist in debt solutions for businesses, has structured and made an initial investment in a bespoke five-year, GBP10 million loan note programme for Praetura Commercial Finance (PCF).
PCF is an independent asset based lender backed by Praetura Group, a Manchester based provider of alternative debt and equity solutions to UK SMEs.
Praetura Commercial Finance’s senior team combines over 80 years asset based lending experience delivering multi-asset facilities, to create innovative working capital solutions for SMEs.
RMDL has invested an initial GBP2 million in the bespoke
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the mid-market, has acquired Mobile Communications America (MCA), a provider of communications solutions and services in North America and one of Motorola Solutions’ largest channel partners.
Terms of the transaction have not been disclosed.
Founded in 1988 and headquartered in Spartanburg, South Carolina, MCA is a provider of communications and network solutions and services which enhance the safety, security, and operating efficiency of a diverse base of more than 10,000 customers. MCA’s customer base includes public safety institutions and some of the
Ropes & Gray represented the executives of Spirit Music Group, an independent music publisher, in the USD350 million recapitalisation of the company, announced on 25 January.
The firm’s team, led by asset management partner Sarah Davidoff, advised Spirit executives Jon Singer and Ross Cameron, who secured capital commitments from a consortium of investors to form Lyric Capital Royalty Fund I, LP. The fund was formed to acquire Spirit, and also to make future investments in music-driven intellectual property assets.
A separate Ropes & Gray team led by private equity transactions partner Dan Evans advised on the fund’s purchase of
Resilience Capital Partners, a private equity firm that invests in middle-market companies, has completed the sale of its portfolio company Thermal Solutions Manufacturing to Altus Capital Partners, Inc, an investment firm focussed on the North American manufacturing sector.
Nashville, Tennessee-headquartered Thermal Solutions Manufacturing is a leading manufacturer and distributor of heavy-duty and light-truck heat exchange and temperature control products including radiators, condensers, air coolers and evaporators. Resilience Capital Partners acquired the company, formerly the Heavy Duty Division of Vista Pro Automotive, in 2012 through The Resilience Fund III.
“At Thermal Solutions Manufacturing, we executed a long-term strategy for the business
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